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CoStar Group（CSGP）与Unity Software Inc.（U）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是Unity Software Inc.的1.8倍（$899.9M vs $503.1M），CoStar Group净利率更高（5.2% vs -17.9%，领先23.0%），CoStar Group同比增速更快（26.9% vs 10.1%），Unity Software Inc.自由现金流更多（$118.7M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 4.5%）
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
CSGP vs U — 直观对比
营收规模更大
CSGP
是对方的1.8倍
$503.1M
营收增速更快
CSGP
高出16.8%
10.1%
净利率更高
CSGP
高出23.0%
-17.9%
自由现金流更多
U
多$17.4M
$101.3M
两年增速更快
CSGP
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $503.1M |
| 净利润 | $46.5M | $-90.0M |
| 毛利率 | 78.6% | 74.3% |
| 营业利润率 | 5.5% | -21.2% |
| 净利率 | 5.2% | -17.9% |
| 营收同比 | 26.9% | 10.1% |
| 净利润同比 | -22.2% | 26.7% |
| 每股收益（稀释后） | $0.12 | $-0.21 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CSGPU
| Q4 25 | $899.9M | $503.1M | ||
| Q3 25 | $833.6M | $470.6M | ||
| Q2 25 | $781.3M | $440.9M | ||
| Q1 25 | $732.2M | $435.0M | ||
| Q4 24 | $709.4M | $457.1M | ||
| Q3 24 | $692.6M | $446.5M | ||
| Q2 24 | $677.8M | $449.3M | ||
| Q1 24 | $656.4M | $460.4M |
净利润CSGPU
| Q4 25 | $46.5M | $-90.0M | ||
| Q3 25 | $-30.9M | $-126.4M | ||
| Q2 25 | $6.2M | $-108.8M | ||
| Q1 25 | $-14.8M | $-77.6M | ||
| Q4 24 | $59.8M | $-122.7M | ||
| Q3 24 | $53.0M | $-124.7M | ||
| Q2 24 | $19.2M | $-125.6M | ||
| Q1 24 | $6.7M | $-291.1M |
毛利率CSGPU
| Q4 25 | 78.6% | 74.3% | ||
| Q3 25 | 79.3% | 74.4% | ||
| Q2 25 | 78.5% | 74.1% | ||
| Q1 25 | 79.1% | 73.8% | ||
| Q4 24 | 80.1% | 74.7% | ||
| Q3 24 | 79.7% | 74.9% | ||
| Q2 24 | 80.0% | 75.8% | ||
| Q1 24 | 78.5% | 68.6% |
营业利润率CSGPU
| Q4 25 | 5.5% | -21.2% | ||
| Q3 25 | -6.1% | -26.7% | ||
| Q2 25 | -3.5% | -26.9% | ||
| Q1 25 | -5.8% | -29.4% | ||
| Q4 24 | 5.6% | -27.1% | ||
| Q3 24 | 3.4% | -28.5% | ||
| Q2 24 | -2.4% | -28.8% | ||
| Q1 24 | -6.5% | -81.4% |
净利率CSGPU
| Q4 25 | 5.2% | -17.9% | ||
| Q3 25 | -3.7% | -26.9% | ||
| Q2 25 | 0.8% | -24.7% | ||
| Q1 25 | -2.0% | -17.8% | ||
| Q4 24 | 8.4% | -26.8% | ||
| Q3 24 | 7.7% | -27.9% | ||
| Q2 24 | 2.8% | -28.0% | ||
| Q1 24 | 1.0% | -63.2% |
每股收益（稀释后）CSGPU
| Q4 25 | $0.12 | $-0.21 | ||
| Q3 25 | $-0.07 | $-0.30 | ||
| Q2 25 | $0.01 | $-0.26 | ||
| Q1 25 | $-0.04 | $-0.19 | ||
| Q4 24 | $0.14 | $-0.30 | ||
| Q3 24 | $0.13 | $-0.31 | ||
| Q2 24 | $0.05 | $-0.32 | ||
| Q1 24 | $0.02 | $-0.75 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $2.1B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $3.2B |
| 总资产 | $10.5B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资CSGPU
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $3.6B | $1.7B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $4.7B | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总债务CSGPU
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPU
| Q4 25 | $8.3B | $3.2B | ||
| Q3 25 | $8.6B | $3.2B | ||
| Q2 25 | $8.6B | $3.2B | ||
| Q1 25 | $8.6B | $3.2B | ||
| Q4 24 | $7.6B | $3.2B | ||
| Q3 24 | $7.5B | $3.2B | ||
| Q2 24 | $7.4B | $3.2B | ||
| Q1 24 | $7.3B | $3.2B |
总资产CSGPU
| Q4 25 | $10.5B | $6.8B | ||
| Q3 25 | $10.8B | $6.8B | ||
| Q2 25 | $10.5B | $6.7B | ||
| Q1 25 | $10.4B | $6.6B | ||
| Q4 24 | $9.3B | $6.7B | ||
| Q3 24 | $9.1B | $6.7B | ||
| Q2 24 | $9.1B | $6.7B | ||
| Q1 24 | $9.0B | $6.8B |
负债/权益比CSGPU
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $162.1M | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $118.7M |
| 自由现金流率自由现金流/营收 | 11.3% | 23.6% |
| 资本支出强度资本支出/营收 | 6.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.49× | — |
| 过去12个月自由现金流最近4个季度 | $123.0M | $403.9M |
8季度趋势，按日历期对齐
经营现金流CSGPU
| Q4 25 | $162.1M | $121.4M | ||
| Q3 25 | $68.2M | $155.4M | ||
| Q2 25 | $146.5M | $133.1M | ||
| Q1 25 | $53.2M | $13.0M | ||
| Q4 24 | $94.6M | $112.2M | ||
| Q3 24 | $100.3M | $122.4M | ||
| Q2 24 | $58.1M | $88.4M | ||
| Q1 24 | $139.6M | $-7.4M |
自由现金流CSGPU
| Q4 25 | $101.3M | $118.7M | ||
| Q3 25 | $-5.5M | $151.3M | ||
| Q2 25 | $27.7M | $126.7M | ||
| Q1 25 | $-500.0K | $7.3M | ||
| Q4 24 | $25.2M | $105.8M | ||
| Q3 24 | $40.2M | $115.2M | ||
| Q2 24 | $-14.7M | $79.6M | ||
| Q1 24 | $-237.1M | $-14.6M |
自由现金流率CSGPU
| Q4 25 | 11.3% | 23.6% | ||
| Q3 25 | -0.7% | 32.1% | ||
| Q2 25 | 3.5% | 28.7% | ||
| Q1 25 | -0.1% | 1.7% | ||
| Q4 24 | 3.6% | 23.1% | ||
| Q3 24 | 5.8% | 25.8% | ||
| Q2 24 | -2.2% | 17.7% | ||
| Q1 24 | -36.1% | -3.2% |
资本支出强度CSGPU
| Q4 25 | 6.8% | 0.5% | ||
| Q3 25 | 8.8% | 0.9% | ||
| Q2 25 | 15.2% | 1.5% | ||
| Q1 25 | 7.3% | 1.3% | ||
| Q4 24 | 9.8% | 1.4% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 10.7% | 2.0% | ||
| Q1 24 | 57.4% | 1.6% |
现金转化率CSGPU
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
